Sunshield Chemicals (BOM:530845) Debt-to-Equity : 1.04 (As of Mar. 2024)

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What is Sunshield Chemicals Debt-to-Equity?

Sunshield Chemicals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹694 Mil. Sunshield Chemicals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹161 Mil. Sunshield Chemicals's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹822 Mil. Sunshield Chemicals's debt to equity for the quarter that ended in Mar. 2024 was 1.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sunshield Chemicals's Debt-to-Equity or its related term are showing as below:

BOM:530845' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.04 Med: 5.17 Max: 10.12
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Sunshield Chemicals was 10.12. The lowest was 1.04. And the median was 5.17.

BOM:530845's Debt-to-Equity is ranked worse than
85.19% of 1391 companies
in the Chemicals industry
Industry Median: 0.35 vs BOM:530845: 1.04

Sunshield Chemicals Debt-to-Equity Historical Data

The historical data trend for Sunshield Chemicals's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sunshield Chemicals Debt-to-Equity Chart

Sunshield Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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9.25

3.36

1.46

1.17

1.04

Sunshield Chemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.17	N/A	1.09	N/A	1.04

Competitive Comparison of Sunshield Chemicals's Debt-to-Equity

For the Specialty Chemicals subindustry, Sunshield Chemicals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sunshield Chemicals's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sunshield Chemicals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sunshield Chemicals's Debt-to-Equity falls into.

Sunshield Chemicals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunshield Chemicals's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(693.7	+	161)	/	821.9
	=	1.04

Sunshield Chemicals's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(693.7	+	161)	/	821.9
	=	1.04

Sunshield Chemicals (BOM:530845) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sunshield Chemicals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sunshield Chemicals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunshield Chemicals (BOM:530845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunshield Chemicals Ltd (BOM:530845) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pali-Khopoli Road, Village Rasal, Wave Taluka Sudhagad, District Raigad, Post Pali, Mumbai, MH, IND, 410205

Website

https://www.sunshieldchemicals.com

Sunshield Chemicals Ltd is a company engaged in the manufacture and sale of specialty chemicals in domestic and international markets. Its products are Ethoxylates & Propoxylates, THEIC, HQEE, Antioxidants, and Urea Formaldehyde Resin. Its specialty chemicals are used across a range of industries, such as wire insulation enamel, polyvinyl chloride stabilizers, inks, colors, coatings, textiles, agrochemicals, polymers, plastics, rubber, latex, tire and tubes, conveyor belts, lubricants, additives, and home care. It operates only in one segment namely Specialty Chemicals and generates its revenue from India.

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